The Federal Trade Commission on Wednesday sued to unwind Altria Group Inc.'s /zigman2/quotes/208895754/compositeMO+2.90%
$12.8 billion investment in Juul Labs Inc., claiming it violated antitrust laws. That 2018 deal gave cigarette-maker Altria -- which counts Marlboro and Skoal among its tobacco brands -- a roughly 35% stake in vaping company Juul. The FTC alleges that Altria, seeing Juul as a significant competitor, agreed to wind down its e-cigarette business in exchange for a stake in Juul, and agreed to leverage its position as one of the largest tobacco companies to get Juul favorable shelf space at retailers across the U.S. "Altria and Juul turned from competitors to collaborators by eliminating competition and sharing in Juul's profits," the FTC said in a statement.

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